Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs. $7.80 Variable Costs per Unit Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $3.59 $6.03 $ 406 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $ 231,400 $ 218,504 Siren Company sells the fishing lures for $26.00. During 2017, the company sold 79.000 lures and produced 89.000 lures. Siren Company sells the fishing lures for $26.00. During 2017, the company sold 79,000 lures and produced by X Your answer is incorrect. Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decimal places, e.8.10.50.) Manufacturing cost per unit $ eTextbook and Media Your answer is partially correct. Prepare a variable costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses e 3. (45).) SIREN COMPANY Income Statement For the Year Ended December 31, 2017 Variable Costing . Sales VA Variable Cost of Goods Sold AC Variable Selling and Administrative Expenses Vic 4 Acco Contribution Margin Fixed Manufacturing Overhead Fixed Selling and Administrative Expenses Net Income/(Loss)